Q2 24 EPS
$-2.26
MISS 806.25%
Est. $0.32
Q2 24 Revenue
$443.6M
BEAT +22.46%
Est. $362.2M
vs S&P Since Q2 24
+1,088.4%
BEATING MARKET
FTAI +1,124.0% vs S&P +35.7%
Market Reaction
Did FTAI Beat Earnings? Q2 2024 Results
FTAI Aviation posted a headline GAAP loss of $2.26 per diluted share in Q2 2024, a sharp reversal from earnings of $0.46 per share a year ago, as a one-time $300.00 million internalization fee paid to an affiliate overwhelmed otherwise strong operati… Read more FTAI Aviation posted a headline GAAP loss of $2.26 per diluted share in Q2 2024, a sharp reversal from earnings of $0.46 per share a year ago, as a one-time $300.00 million internalization fee paid to an affiliate overwhelmed otherwise strong operational results. Total revenue climbed to $443.59 million from $274.35 million in Q2 2023, driven largely by Aerospace Products, where revenue more than doubled to $245.20 million from $92.72 million. Beneath the GAAP headline, adjusted EBITDA rose to $213.90 million from $153.08 million, reflecting broad-based growth across the business. The company's Module Factory now counts more than 50 active customers globally, and V2500 engine activity remained a key growth driver, with FTAI having inducted 20 engines through the first half of the year and expecting to induct an additional 30 before year end. Net debt stood at $3.08 billion as of June 30, 2024, up from $2.52 billion at year-end 2023, while the board maintained its quarterly dividend of $0.30 per ordinary share.
Key Takeaways
- • Aerospace Products revenue more than doubled year-over-year to $245.2 million
- • Aerospace Products segment reached a new Adjusted EBITDA high of $91.2 million
- • Module Factory now has over 50 active customers worldwide
- • 20 V2500 engines inducted year to date
FTAI YoY Financials
Q2 2024 vs Q2 2023, source: SEC Filings
FTAI Revenue by Segment
With YoY comparisons, source: SEC Filings
FTAI Earnings Trends
FTAI vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
FTAI EPS Trend
Earnings per share: estimate vs actual
FTAI Revenue Trend
Quarterly revenue: estimate vs actual
FTAI Quarterly Results
12 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 MISS | $1.60 | $1.29 | -19.27% | $830.7M | +13.25% |
| Q4 25 MISS FY | $1.18 | $1.08 | -8.50% | $662.0M | -4.89% |
| FY Full Year | $4.77 | $4.60 | -3.61% | $2.51B | -1.62% |
| Q3 25 MISS | $1.20 | $1.10 | -8.41% | $667.1M | +1.43% |
| Q2 25 BEAT | $1.39 | $1.57 | +12.79% | $676.2M | +23.78% |
| Q1 25 BEAT | $0.88 | $0.88 | +0.48% | $502.1M | -11.56% |
| Q4 24 MISS FY | $0.87 | $0.84 | -3.85% | $498.8M | -3.52% |
| FY Full Year | $3.16 | $-0.32 | -110.13% | $1.73B | -0.32% |
| Q3 24 MISS | $0.77 | $0.76 | -1.30% | $465.8M | +10.26% |
| Q2 24 MISS | $0.32 | $-2.26 | -806.25% | $443.6M | +22.46% |
| Q1 24 MISS | $0.38 | $0.31 | -18.42% | $326.7M | +0.00% |
| Q4 23 BEAT FY | $0.44 | $1.09 | +147.73% | $312.7M | +0.00% |
| FY Full Year | — | $2.11 | — | $1.17B | — |
| Q3 23 MISS | $0.42 | $0.33 | -21.43% | $291.1M | -3.26% |
| Q2 23 BEAT | $0.30 | $0.46 | +53.33% | $274.3M | +0.00% |